Business | 12 June, 2025 at 12:11 PM
Romanian entrepreneur Cristian Barbu bets on energy storage
Cristian Barbu, a pioneer in Romania's renewable energy sector, is returning with a new focus: energy storage.
Cristian Barbu, a pioneer in Romania's renewable energy sector, is returning with a new focus: energy storage.
The European Investment Bank (EIB) has signed a financing agreement worth €700 million to support the construction of two major offshore wind farms—Bałtyk 2 and Bałtyk 3—developed by Norway's Equinor and Poland's Polenergia along the Polish coast of the Baltic Sea.
Faerch, a global leader in sustainable food packaging solutions, is proud to announce the signing of a new 10-year power purchase agreement (PPA) with Eurowind Energy – Faerch's first ever wind PPA.
WindEurope's Autumn Wind Energy Data shows Europe built 6.4 GW of new wind farms in the first half of 2024.
Nofar Energy has acquired 100% of the shares in Aviv Renewable Investment. This project company is currently developing a 160 MW photovoltaic park in Giurgiu County.
Premier Energy PLC Group has acquired three wind farms and four additional locations with already executed components, all located within the Dranceni area (Vaslui County),
CEZ is strengthening its ESG requirements stemming from the improvement potential, set according to reporting standards and financial institutions, says Ondrej Safar, CEO and Member of the Board CEZ Romania. He talked to Green Forum about the social responsibility and health projects that the company is preparing in 2023 and about the company's energy production projects from renewable sources.
Vienna Insurance Group considers sustainability as an important part of its strategic orientation. The insurer established the VIG Family Fund, a fund in which approximately €7 million were collected, which will support in the medium and long term the efforts to help the families of VIG employees in Ukraine who were affected by the war. The company shows that it supports social and ecological causes by investing in businesses such as solar and wind farms, in ecologically sustainable and affordable housing projects, or in eco-mobility.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
